Work is currently in progress on digital money, and the authority to issue digital currency will rest with the central bank. Deputy Governor of the State Bank of Pakistan, Dr. Inayat Hussain, stated that the Pakistani Rupee will be converted into a digital currency, enabling the purchase of virtual assets.

During a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, the Ministry of Law and Justice s consultant, Barrister Syed Shahroz Bakhtiar, informed the forum that the Virtual Asset Bill 2025 will apply throughout the country. Virtual assets will be transferable and usable nationwide; however, they cannot be used for purchasing goods, services, or anything outside the designated ecosystem.

A Virtual Asset Regulatory Authority will be established under Section 6 of the ordinance. The authority s board will include the Governor of the State Bank, Secretaries of Finance, Law & Justice, and Information Technology, the Chairpersons of FBR, SECP, and the Digital Pakistan Authority, as well as the DG of FIA.

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Following the meeting, Chairman of the Standing Committee, Saleem Mandviwalla, shared that some Chinese companies have expressed interest in crypto mining. However, they cited high electricity costs as a major challenge and proposed generating their own electricity. The committee further suggested establishing dedicated zones for virtual assets where electricity could be priced at five cents per unit. However, officials from the Ministry of Finance stated that granting such exemptions would not be possible during the ongoing IMF loan program.